Residential Income Duplex with Guest
1335 Mountview Road Lakeport, CA 95453
For Sale
$382,000
COMMERCIAL - Ranch - Lakeport, CA
Property Size2,340 SF
Lot Size2.11 Acres
Price / SF$163.25
Days on Market476
Property Features for 1335 Mountview Road
General Information
Property type
Commercial Sale
Property subtype
Single Family Residence
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Laundry Room, Bedroom 1, Bathroom 2, Bonus Room, Bathroom 1
Parking
20
Parking features
Oversize, Driveway
Patio and Porch features
Deck, Porch
Interior features
Ceiling Fan(s), Pantry, Granite Counters
Appliances
Gas Range, Dishwasher
Standard status
Active
APN
015004280000
Size
2,340 SF
Lot size
2.11 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Roof type
Composition
Architectural style
Ranch
Additional Structures
Guest House
Listing Agency:
City Center Realty
(707) 245-3032
Listed By:
Colleen Henninger · License #01399891
(707) 245-3032
Added: Apr 9, 2025
Changed: Jul 28
Last Checked: Jul 28 at 11:06PM
MLS# LC25077498
Copyright © 2026 Lake County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a manufactured 3-bedroom, 2-bath home with an open-concept living area that combines the living room, dining area, and kitchen. The kitchen features modern appliances and granite countertops, with ample cabinetry for meal prep and storage. The primary bedroom offers a private ensuite bath, while the two additional bedrooms share a second full bathroom.
Also on the same expansive lot is a separate 1-bedroom, 1-bath guest house. It includes an open living area, a well-equipped kitchen, and a comfortable bedroom with an attached bathroom, providing a self-contained layout for hosting guests or use as a rental.
Set on a little over two acres, the property offers outdoor space for activities, gardening, or adding future structures such as a workshop or barn.
Also on the same expansive lot is a separate 1-bedroom, 1-bath guest house. It includes an open living area, a well-equipped kitchen, and a comfortable bedroom with an attached bathroom, providing a self-contained layout for hosting guests or use as a rental.
Set on a little over two acres, the property offers outdoor space for activities, gardening, or adding future structures such as a workshop or barn.
Key Highlights
- Ranch‑style manufactured home built in 1980 on a 2‑acre lot
- Main home features open living/dining/kitchen area with granite counters, pantry, and ceiling fans
- Kitchen includes gas range and dishwasher; central heating and central air
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $12.84 |
| − Vacancy | −$1.4k | −$0.61 |
| EGI | $28.6k | $12.23 |
| − OpEx | −$8.6k | −$3.67 |
| NOI | $20.0k | $8.56 |
2,340 SF · lease $12.84/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.2K
$250.4K – $333.9K
NOI $20,033 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$264.1K
$231.1K – $308.1K
NOI $18,486 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$939.2K
$821.8K – $1.10M
NOI $65,742 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two dwellings sit on over two acres, including a manufactured 3-bedroom home and a separate 1-bedroom guest house.
Where is this duplex located?
The property is located at 1335 Mountview Road Lakeport, CA.
What is the asking price?
The asking price for this property is $382,000.
What are key features of this property?
This property features: Ranch‑style manufactured home built in 1980 on a 2‑acre lot; Main home features open living/dining/kitchen area with granite counters, pantry, and ceiling fans; Kitchen includes gas range and dishwasher; central heating and central air
